We present projected velocity dispersion profiles for the Draco and Ursa Minor (UMi) dwarf spheroidal galaxies based on 207 and 162 discrete stellar velocities, respectively. Both profiles show a sharp decline in the velocity dispersion outside ~30 arcmin (Draco) and ~40 arcmin (UMi). New, deep photometry of Draco reveals a break in the light profile at ~25 arcmin. These data imply the existence of a kinematically cold population in the outer parts of both galaxies. Possible explanations of both the photometric and kinematic data in terms of both equilibrium and non-equilibrium models are discussed in detail. We conclude that these data challenge the picture of dSphs as simple, isolated stellar systems.